Tata Mutual Fund launches Tata Ultra Short Term Fund

Scheme type – An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 months and 6 months

Investment objective – The investment objective of the scheme is to generate returns through investment in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 3 months - 6 months. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The scheme does not assure or guarantee any returns.

Product suitability – This product is suitable for investors who are seeking regular income over short term by investing in Debt & Money Market instruments such that the macaulay duration of the portfolio is between 3 months - 6 months.

Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter